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Global Glycol Ethers Market: By Class: Synthetic, Natural; By Type: Glycerides, Lecithin, Sorbitan Esters, Steroyl Lactates, Others; By Application: Bakery and Confectionery, Dairy, Culinary and Meat, Oils and Fats, Others; By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa; Historical Production and Consumption (2015-2019); Production and Consumption Forecast (2020-2025); SWOT Analysis; Price Analysis; Trade Analysis (HS Code: 292320); Value Chain Analysis; Competitive Landscape & Supplier Analysis; Manufacturing Process; Production Cost Analysis and Project Economics
Global Glycol Ethers Market Key Insights:
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Market Outlook
The global glycol ethers market demand reached a volume of 2.7 million metric tons in 2019. The demand is expected to grow at a CAGR of 4.1% in the forecast period of 2020-2025 to reach a volume of 3.5 million metric tons by 2025.
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E-series type has been the leading type of glycol ethers in the historical period of 2015-2019, but now p-series type is garnering more demand from consumers and is likely to surpass e-series as the dominant type in the coming years. In the downstream industry, paints and coating account for almost half of the global demand. The supply market is led by the Asia Pacific, accounting for nearly 40% of the global glycol ethers supply. Europe and North America follow the Asia Pacific region as the other major supply market of the product.
The Asia Pacific is the fastest-growing consumer market for the product owing to the growing end-use industries like paints and coatings and household care products, among others. The rising GDP is also supporting the growth of the regional market. The household care industry in the Asia Pacific is growing at a rapid rate owing to the growing awareness about hygiene among consumers. Increased used of paints and coatings in the region due to the ever-increasing construction and automobiles industry is providing further impetus to the glycol ethers market growth. The region imports a considerable volume of the product from North America and Europe due to a shortage of capacity corresponding to the rising demand. The Asia Pacific also significantly relies on Sadara Chemical Company in the Middle East for imports since 2018, when the latter started commercial production.
North America imports a large quantity of the p-series type. The imports primarily take place due to the demand for the product being higher than the supply capacity. It imports from Europe, which possesses a surplus volume of p-series. Other significant importers of the product are China, Taiwan, and Italy, among others. North America, especially the United States, is a major exporter of e-series owing to the excess supply capacity of this type of the chemical. It heavily exports e-series to the Asia Pacific region.
Properties and Applications
Glycol ethers are a group of solvents that are based on alkyl ethers of propylene glycol or ethylene glycol. They are used in the production of products like cleaners for floor, glass, oven, and carpet. The uses of these glycol ethers depend on their types. P-series glycol ethers are mostly used in aerosol paints, adhesives, and cleaners, among others, whereas the e-series glycol ethers are used in making cosmetic products, sunscreen, inks, and dyes, among other products. The two types of glycol ethers are:
- E- Series
- P- Series
Glycol ethers find their end-uses in the following sectors:
- Paints and Coatings
- Chemical Intermediates
- Solvents
- Brake Fluid
- Others
The EMR report also covers the regional markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East, and Africa.
Market Analysis
The glycol ethers market is significantly driven by the paints and coatings industry, which is rapidly growing due to the rising construction industry globally. The use of paints in construction and building projects is, thus, supporting market growth. The glycol ethers market is also supported by the growing automobile industry. The explicit use of paints and coatings in the automobiles industry is providing further impetus to the glycol ethers market. These industries are growing faster in developing countries like India and China, where the demand for glycol ethers is also rapidly increasing. The rising demand for water-based surface coatings is also driving the demand growth further.
The global market is also being driven by the growing demand from the Asia Pacific region. The region is the leading consumer market. The demand is due to the rising economies of the region, the ever-increasing household care market, and the increasing disposable incomes of the consumers. The region imports a large volume of glycol ethers to meet the rising demand from the domestic end-use sectors, thus, aiding the global market growth further.
Another major factor driving the glycol ethers market is the chemical intermediates market, which is expected to witness a healthy growth in the coming years. The chemical intermediates industry uses the intermediates of glycol ethers, that are, ethers and acetates.
Competitive Landscape
June 2018- The Dow Chemical Company (NYSE: DOW) announced the expansion of its select performance and p-series glycol ethers product lines, including DOWANOL™ Glycol Ethers, in a series of incremental expansions and seven debottlenecking projects.
The report gives a detailed analysis of the following key players in the global glycol ethers market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Dow Chemical Company
- Jiangsu Dynamic Chemical Co., Ltd.
- LyondellBasell Industries N.V.
- INEOS
- BASF SE
- Shell Chemical LP
- Eastman Chemical Company
- Sasol
- Oxiteno
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on Porter’s five forces model, along with giving a SWOT analysis.
1 Preface
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.4 Assumptions
2.5 Market Models
3 Introduction
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Cost Structure
4.5 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Glycol Ethers Market Analysis
6.1 Figure: Global Glycol Ethers Historical Market (2015-2019) & Forecast (2020-2025)
6.2 Chart: Global Glycol Ethers Market Breakup by Type
6.2.1 E- Series
6.2.2 P- Series
6.3 Chart: Global Glycol Ethers Market Breakup by Type: Historical Market (2015-2019) & Forecast (2020-2025)
6.3.1 E- Series
6.3.2 P- Series
6.4 Chart: Global Glycol Ethers Market Breakup by Application
6.4.1 Paints and Coatings
6.4.2 Chemical Intermediates
6.4.3 Solvents
6.4.4 Brake Fluid
6.4.5 Others
6.5 Figure: Global Glycol Ethers Market Breakup by Application: Historical Market (2015-2019) & Forecast (2020-2025)
6.5.1 Paints and Coatings
6.5.2 Chemical Intermediates
6.5.3 Solvents
6.5.4 Brake Fluid
6.5.5 Others
6.6 Chart: Global Glycol Ethers Market Breakup by Region
6.6.1 North America
6.6.1.1 United State of America
6.6.1.2 Canada
6.6.2 Europe
6.6.2.1 United Kingdom
6.6.2.2 Germany
6.6.2.3 France
6.6.2.4 Others
6.6.3 Asia Pacific
6.6.3.1 China
6.6.3.2 Japan
6.6.3.3 India
6.6.3.4 Others
6.6.4 Latin America
6.6.4.1 Brazil
6.6.4.2 Argentina
6.6.4.3 Colombia
6.6.4.4 Others
6.6.5 Middle East and Africa
6.6.5.1 Saudi Arabia
6.6.5.2 United Arab Emirates
6.6.5.3 Nigeria
6.6.5.4 South Africa
6.6.5.5 Others
6.7 Figure: Global Glycol Ethers Market Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
6.7.1 North America
6.7.1.1 United State of America
6.7.1.2 Canada
6.7.2 Europe
6.7.2.1 United Kingdom
6.7.2.2 Germany
6.7.2.3 France
6.7.2.4 Others
6.7.3 Asia Pacific
6.7.3.1 China
6.7.3.2 Japan
6.7.3.3 India
6.7.3.4 Others
6.7.4 Latin America
6.7.4.1 Brazil
6.7.4.2 Argentina
6.7.4.3 Colombia
6.7.4.4 Others
6.7.5 Middle East and Africa
6.7.5.1 Saudi Arabia
6.7.5.2 United Arab Emirates
6.7.5.3 Nigeria
6.7.5.4 South Africa
6.7.5.5 Others
7 Global Glycol Ethers Price Analysis
7.1 North America Historical Price Trends (2015-2019) and Forecast (2020-2025)
7.2 Europe Historical Price Trends (2015-2019) and Forecast (2020-2025)
7.3 Asia Pacific Historical Price Trends (2015-2019) and Forecast (2020-2025)
7.4 Latin America Historical Price Trends (2015-2019) and Forecast (2020-2025)
7.5 Middle East and Africa Historical Price Trends (2015-2019) and Forecast (2020-2025)
8 Global Trade Data Analysis
8.1 Major Exporting Countries: By Value and Volume
8.2 Major Importing Countries: By Value and Volume
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Porter’s Five Forces Analysis
10.1 Overview
10.2 Buyer’s Power
10.3 Supplier’s Power
10.4 New Entrants
10.5 Degree of Rivalry
10.6 Substitutes
11 Value Chain Analysis
12 EMR’s Key Indicators for Demand
13 EMR’s Key Indicators for Price
14 Procurement Strategy
14.1 Engagement Model
14.2 Sourcing Model
14.3 Length of Contract
14.4 Negotiation Levers
15 Cost Analysis
15.1 Raw Material Cost
15.2 Utility
15.3 Labour Cost
15.4 Other
16 Competitive Landscape & Supplier Analysis
16.1 Dow Chemical Company
16.1.1 Company Overview
16.1.2 Financial Analysis
16.2 Jiangsu Dynamic Chemical Co., Ltd.
16.2.1 Company Overview
16.2.2 Financial Analysis
16.3 LyondellBasell Industries N.V.
16.3.1 Company Overview
16.3.2 Financial Analysis
16.4 INEOS
16.4.1 Company Overview
16.4.2 Financial Analysis
16.5 BASF SE
16.5.1 Company Overview
16.5.2 Financial Analysis
16.6 Shell Chemical LP
16.6.1 Company Overview
16.6.2 Financial Analysis
16.7 Eastman Chemical Company
16.7.1 Company Overview
16.7.2 Financial Analysis
16.8 Sasol
16.8.1 Company Overview
16.8.2 Financial Analysis
16.9 Oxiteno
16.9.1 Company Overview
16.9.2 Financial Analysis
16.10 Others
17 Events and Developments
Additional Customisations Available:
18 Manufacturing Process
18.1 Detailed Process Flow
18.2 Operations Involved
18.3 Mass Balance
19 Production Cost Analysis
19.1 Land, Location and Site Development
19.2 Construction
19.3 Plant Machinery
19.4 Cost of Raw Material
19.5 Packaging
19.6 Transportation
19.7 Utilities
19.8 Manpower
19.9 Other Capital Investment
Analyst Review
The global glycol ethers market demand attained a volume of 2.7 million metric tons in 2019. It is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 4.1%. The demand is projected to reach nearly 3.5 million metric tons by 2025.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on types, the global glycol ethers market can be bifurcated into e-series and p-series. The regional markets of the product are North America, the Asia Pacific, Latin America, the Middle East and Africa, and Europe, with the Asia Pacific being the fastest-growing consumer of the product. The key players in the above industry are Dow Chemical Company, Jiangsu Dynamic Chemical Co., Ltd., LyondellBasell Industries N.V., INEOS, BASF SE, Shell Chemical LP, Eastman Chemical Company, Sasol, and Oxiteno, among others.
The major drivers of the industry such as rising disposable incomes, increasing population, rising urbanisation, growing paints and coating industry, rising demand from construction and infrastructure sector, growing automotive industry, and the rising industrialisation in emerging economies like India and China are driving the growth of the market globally. EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with industry insights that are accurate, actionable, and help them remain ahead of their competition.
EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:
- How has the global glycol ethers market performed in the previous years (2015-2019)?
- What is the forecast assessment of the industry for 2020-2025?
- What are the major industry drivers and constraints?
- What are the major price and demand indicators of the global market?
- What are the price trends of the product in the industry globally?
- Who are the key manufacturers of the product in the global market?
- What are the import and export trends in the global market?
- Who are the top importers and exporters of the product in the industry globally?
- What is the degree of competition in the global market?
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